Shares of Discover Financial Services (NYSE:DFS) received a consensus recommendation of “Hold” from the eighteen brokerages that currently cover the business, MarketBeat reports. Seven investment analysts rated the stock with a hold recommendation and six gave the company a buy recommendation. The 1-year average target price among brokers who have reported on the stock in the past year is $127.56.
A number of analysts have recently commented on the company. Credit Suisse Group lowered its price target on Discover Financial Services to $134.00 in a Friday, July 22 research note. Wolfe Research downgraded shares of Discover Financial Services from an “outperform” rating to a “peer performer” rating and set a target price of $97.00 for the stock. in a report on Thursday, May 12. Piper Sandler raised her price target on shares of Discover Financial Services to $132.00 in a Friday, July 22 report. Bank of America cut its price target on shares of Discover Financial Services from $128.00 to $120.00 in a Sunday, July 24 research report. Finally, Barclays lowered its price target on shares of Discover Financial Services from $140.00 to $133.00 and set an “overweight” rating on the stock in a Friday, July 22 research report.
Institutional investors weigh in on Discover Financial Services
A number of institutional investors have recently changed their holdings of DFS. Tyler Stone Wealth Management acquired a new equity stake in Discover Financial Services in Q4 worth $27,000. Ronald Blue Trust Inc. acquired a new stake in shares of Discover Financial Services in Q2 worth $28,000. Northern Oak Wealth Management Inc. increased its stake in shares of Discover Financial Services by 200.0% in Q2. Northern Oak Wealth Management Inc. now owns 300 shares of the financial services provider valued at $28,000 after buying an additional 200 shares in the last quarter. GHE LLC acquired a new stake in shares of Discover Financial Services in Q2 worth $33,000. Finally, SRS Capital Advisors Inc. increased its stake in shares of Discover Financial Services by 85.3% in the 2nd quarter. SRS Capital Advisors Inc. now owns 365 shares of the financial services provider worth $35,000 after buying 168 more shares in the last quarter. Institutional investors and hedge funds hold 83.92% of the company’s shares.
Check out financial services stocks down 0.5%
DFS opened at $99.53 on Monday. Discover Financial Services has a 12-month low of $88.02 and a 12-month high of $133.40. The company has a debt ratio of 1.43, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $27.19 billion, a P/E ratio of 6.48, a P/E/G ratio of 0.22 and a beta of 1.45. The stock’s 50-day moving average price is $102.07 and its 200-day moving average price is $107.64.
Discover Financial Services (NYSE:DFS – Get Rating) last released its results on Wednesday, July 20. The financial services provider reported EPS of $3.96 for the quarter, beating the consensus estimate of $3.77 by $0.19. Discover Financial Services recorded a return on equity of 36.35% and a net margin of 34.89%. The company posted revenue of $3.22 billion for the quarter, versus $3.18 billion expected by analysts. During the same period last year, the company achieved EPS of $5.55. The company’s revenue fell 9.9% compared to the same quarter last year. As a group, research analysts predict Discover Financial Services will post earnings per share of $15.32 for the current year.
Check out the financial services dividend announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8. Shareholders of record on Thursday, August 25 will receive a dividend of $0.60 per share. This represents a dividend of $2.40 on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is Wednesday, August 24. Discover Financial Services’ dividend payout ratio (DPR) is currently 15.63%.
About Explore Financial Services
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Discover Financial Services, through its subsidiaries, provides digital banking products and services and payment services in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; private student loans, personal loans, home loans and other consumer loans; and direct-to-consumer deposit products including savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings and checking accounts, and money transfer accounts.
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